Dubai’s Alibabacoin says Alibaba has no monopoly on ‘magic’ name
NEW YORK (Reuters) – The Dubai-based cryptocurrency firm Alibabacoin Foundation on Tuesday said Alibaba Group Holding Ltd cannot monopolize the “magical” Alibaba name, and asked a U.S. judge to dismiss the Chinese e-commerce retailer’s trademark lawsui…
Facebook shares rise as U.S. senators question Zuckerberg
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc shares rose on Tuesday to their highest in almost three weeks as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the social network handles user data and plans to counter …
European Commission raids offices in sports broadcasting investigation
LONDON (Reuters) – The European Commission on Tuesday raided the offices of a number of companies involved in sports broadcasting rights, including a unit of Rupert Murdoch’s Fox, as part of an investigation into a possible cartel.
Wall Street rises as Chinese president eases trade worries
NEW YORK (Reuters) – U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs.
Investors back Kinder Morgan Canada’s Trans Mountain move
BENGALURU (Reuters) – Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator’s decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project.
T-Mobile in new talks to acquire Sprint: source
(Reuters) – T-Mobile US Inc is engaged in a new round of talks to acquire Sprint Corp , a person familiar with the matter said on Tuesday, the latest effort to bring together the third and fourth largest U.S. wireless carriers.
China’s Ant ups fundraising target, valuation could hit $150 billion: sources
(Reuters) – China’s Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, potentially valuing the company at about $150 billion ahead of an expected stock market floatation, people wi…
Wall Street rises on easing China trade war fears
(Reuters) – U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs.
CEO Zuckerberg says Facebook going through ‘philosophical shift’
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told U.S. senators on Tuesday that the company was attempting to change in light of recent criticism, as he attempted to forestall any strict legislation aimed at the wor…
Exclusive: Rusal triggers Iran-style defense after U.S. sanctions – source
LONDON (Reuters) – Russian aluminum giant Rusal has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said.
